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Cryptocurrency (Coins)

QTUM Coin: Cryptocurrency News & Blockchain Smart Contract Uses?



Qtum Platform Review

A recent review author posited the joke: “What do you get when you cross the BTC blockchain with the Ethereum Virtual Machine? Qtum!” That’s a handy if comic depiction of the platform, although it’s far less of a joke than an accurate description of what the average user will experience.

Qtum [] is essentially the Ethereum system, but without Ethereum’s blockchain – it employs the Bitcoin blockchain instead. The immediate benefit to users is that enhancements to both Ethereum and Bitcoin will impact on and be assimilated into Qtum. For example, any existing Ethereum smart contract can also be deployed via Qtum on the Bitcoin blockchain.

Pronounced “quantum,” the company has a stated focus on the lucrative, “business friendly” aspects of blockchain technology. Qtum is driven by the same realization many share, that blockchain is a fundamental, global business shift of unparalleled scale.

With many startups and existing businesses seeking to address the debilitating issues of blockchain adoption – performance and personalization – Qtum is an innovative solution that grants users the most seamless experience across the (currently biggest) public chains.

Qtum Is A Hybrid Bitcoin-Ethereum Platform

A common clincher for developers who choose to run on the Bitcoin blockchain is that project’s Simple Payment Verification (SPV) protocol which allows “light” wallet interaction with the blockchain. Qtum now extends such functionality to dapps and smart contracts, which makes it a more attractive route for development. Another peripheral benefit of this is that smart contract products can employ one blockchain pending approval. If adoption isn’t what was anticipated, the other can then be tried on for size.

The bridge Qtum has built means that, rather than starting from scratch when adoption fails, developers can simply jump ship to another platform altogether.

Ethereum and Bitcoin also handle transactions’ small change differently. After a recipient address is paid in full, Bitcoin’s Unspent Transaction Output (UTXO) protocol would be incompatible with Ethereum’s Virtual Machine, were it not for Qtum. By engaging the Qtum Account Abstract Layer, users allow the protocol to translate transactions from Ethereum’s accounts-based system into the UTXO blockchain.

Qtum Protocols

The Qtum token is similar to ETH, as it derives its value from user demand. Current value sits at $10.96. The project employs a proof-of-stake (PoS) consensus algorithm, and with no upper limit on coins, miners’ rewards are theoretically infinite. While investors seem to prefer the high values of more volatile altcoins like Bitcoin, Qtum has an inherent, persistent value of its own.

One company that has recognized this is Bodhi. A “decentralized prediction market platform,” the Bodhi project seeks to better garner crowd predictions on future event outcomes. In fact, Bodhi’s was the first dapp launched on the Qtum mainnet. Essentially a bookmaking or prediction gaming site, the Bodhi platform allows users to generate events. When an event comes to an end, an oracle dispenses the final results and winners ensue.

Another case study of Qtum at work comes in the form of Agrello. This company has also built upon Qtum, and is focused on the interplay of AI while generating legally-binding smart contracts. According to the Agrello team, the decision to use Qtum was heavily influenced by its unique route to the Bitcoin SPV. Noting that their users will need not bother with heavyweight environments nor nodes, they can approach a plug-and-play experience. For many, Qtum’s logic and value is immediately apparent and suitable to their purposes.

Qtum Tech Savvy

Developers note that there are almost unavoidable benefits to choosing Qtum over Ethereum itself, or for example, Raiden and other platforms. With that said, technically speaking, there is a notable price for its model. A resident of the land of tiny blocks, Qtum is lessened somewhat by rarefied and expensive transactions. Most are able to look past that, however, as being able to glean the best of both worlds is considered far more enabling and ultimately valuable. Qtum is trading on the network effect of best-of-Ethereum coupled with Bitcoin’s mining and node capacity.

As things stand, Qtum’s versatility is currently outshining all other considerations for many. The issue of transaction costs on the network may improve over time. Qtum employs a UTXO model to track funds on chain. At the same time, it generates smart contracts with the Ethereum Virtual Machine. The compatibility between Bitcoin and Ethereum – both giants in their own way – is a value not lost on startup projects.

Benefits of employing the UTXO model include the facts that transaction histories are wholly transparent with data more secure than employing the Accounting protocol. Qtum does employ the EVM to generate smart contracts. This results in a conflict with the UTXO model. The platform solves this by employing an Account Abstraction Layer that allows for all to be translated to an account-based interface. It is precisely this neat application that generates the compatibility that gives Qtum such value to developers.

By marrying the best or smartest attributes of the two principal public blockchains, Qtum has built a platform quickly growing in popularity. Particularly business-friendly, it is hoped that the stagnant adoption of cryptocurrencies among the world’s merchants will be addressed by the emergence of chains such as Qtum. Now that it is apparent that neither vendors nor their industry or retail clients are open to diminished transaction speeds or their peripheral services, cryptocurrencies are stymied as currency. With platforms like Qtum, many preclusive issues are resolved and the performance of altcoins enabled.

Qtum Conclusion

For techies, Qtum is basically the Ethereum Virtual Machine retooled and running on Bitcoin’s blockchain. For end users of projects built on Qtum, it’s likely they’ll simply think of it as “better.” The platform allows for Ethereum-designed apps to run on the Bitcoin blockchain. Dapps can swap or replicate as they wish between Ethereum, Ethereum Classic and Bitcoin.

Some commentators compare Qtum to a computer mouse. We stopped needing them a long time ago, yet they persist as their value is undeniable. Similarly, while the future may hold some other genius resolution, it’s unlikely that as a bridge between the two biggest crypto chains on earth, Qtum will fall away. If anything, having produced the code that enabled some impressive maneuvering around smart contracts, the platform is likely only gaining in popularity while streamlining its UI.

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Ethereum (ETH)

Ethereum Price Analysis: ETH Approaching Significant Support Area



Ethereum Price Analysis ETH Chart

There was another rejection noted near $265.00 in Ethereum vs the US Dollar. ETH/USD is currently declining and approaching towards a couple of important supports near $254.00 and $250.00.

Key Takeaways: ETH/USD

  • Ethereum price formed a short term top near the $264.4 level and declined against the US Dollar.
  • ETH/USD is currently approaching the $254.00 support and a bullish trend line on the 2-hours chart (data feed from Bitstamp).
  • Bitcoin price remains in an uptrend and it could accelerate gains above the $8,300 level.

Ethereum Price Analysis

Recently, bitcoin price gained momentum and broke the $8,100 and $8,200 resistance levels. However, Ethereum price failed to gain traction and formed a short term top near the $264.4 level.

Looking at the 2-hours chart, Ethereum price started a downside correction from the $264.41 high and declined below the $260.00 level. There was a break below the 23.6% Fib retracement level of the last rally from the $236.89 to $264.41.

Ethereum Price Analysis ETH Chart

Besides, there was a break below the $258.00 level, but the price found support near $255.00. Moreover, the price is approaching the $254.00 support and a bullish trend line on the 2-hours chart.

Below the trend line, the main support is near the $250.20 level and the 50 simple moving average (2-hours, purple). The 50% Fib retracement level of the last rally from the $236.89 to $264.41 is also near the $250.65 level to act as a support.

If there is a downside break below the $250.00 support, the price could extend losses and decline towards the $243.50 zone. The 76.4% Fib retracement level of the last rally from the $236.89 to $264.41 is also near $243.40.

Conversely, if the trend line support holds, the price is likely to start a fresh increase in the coming sessions. An initial resistance is near $260.00 and a connecting bearish trend line. A break above the $260.00 barrier might start a strong rally in Ethereum price above the $265.00 level.

Overall, ETH price is trading with a positive bias as long as it is above $250.00, and it could rise again above $260.00 and $265.00.

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Bitcoin (BTC)

Bitcoin Price Analysis: BTC Setting Up For Another Bull Run



Bitcoin Price Analysis BTC Chart

After a major decline, bitcoin price started a solid upward move above $7,750. BTC to USD gained momentum above $8,000 and even spiked above the $8,250 resistance area.

Key Takeaways: BTC/USD

  • Bitcoin price formed a strong support above $7,550 and recently climbed higher against the US Dollar.
  • BTC/USD broke the main $7900 resistance and a couple of bearish trend lines on the 2-hours chart (data feed from Bitstamp).
  • Ethereum, ripple, and bitcoin cash also gained momentum and moved into a positive zone.

Bitcoin Price Analysis

After testing the $7,500 and $7,520 levels on multiple occasions, bitcoin price finally started a fresh increase. BTC started an upside reversal after it successful broke the $7,600 and $7,850 barriers.

Looking at the 2-hours chart, bitcoin even broke the main resistance near the $7,900 level to move into an uptrend. Finally, there was a break above the $8,000 level plus a close above the 50 simple moving average (2-hours, purple).

Bitcoin Price Analysis BTC Chart

During the rise, the price even broke the $8,150 resistance and a couple of bearish trend lines on the same chart. A new swing high was formed at $8,266 and the price is currently correcting lower.

It broke the $8,150 level and the 23.6% Fib retracement level of the recent wave from $7,903 to $8,266. However, the price is currently finding a strong buying interest near the $8,060 level.

The 50% Fib retracement level of the recent wave from $7,903 to $8,266 is also acting as a decent support. The main support is near the $8,000 level and a connecting bullish trend line on the same chart.

Therefore, bitcoin price is gaining pace and it remains in an uptrend as long as it is above $7,980 and the 50 simple moving average (2-hours, purple).

On the upside, an initial resistance is near the $8,100 level and a connecting bearish trend line. A successful close above $8,100 might start a strong rise in the coming sessions.

The next major hurdle for the bulls is near the $8,250 level, above which the price might start a rally towards the $8,500 level.

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Price Analysis

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) Price Analysis June 10th



Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) Price Analysis June 10th

BItcoin BTC/USD Forecast

Last Friday the price of Bitcoin came up for interaction with the first significant horizontal resistance at $8140. As the interaction ended as a rejection the price was propelled in a downward trajectory and came down to the levels of the prior low at $7576 which was a decrease of around 6.7%. From today's open which was around the mentioned prior low level, the price has increased by 5.43% with strong bullish momentum as the majority of the increase occurred in only one hour but we are now seeing the price struggling to keep up the upward movement slightly lower then on the prior high.


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On the hourly chart, you can see that the price encountered resistance, indicated by the wick from the upper side of the last hourly candle and is now likely to keep interacting with the current level as it's retesting it for resistance further. If the price manages to keep up the upward movement we could see a breakout to the upside from the first significant resistance point and to the next on at around $8500.

This would be unlikely if the found resistance proves to be stronger then the currently seen bullish momentum as a rejection at the current levels would likely lead to a lower low below the one made on 5th at $7506. The price spiked to those levels on today's open but a proper interaction with a lower spike would likely occur if the increase was seen would be stopped out at the mentioned first significant resistance as it would mean that from last Thursday we have been seeing the development of the five-wave move to the downside out of the starting downtrend.

Litecoin LTC/USD Forecast

Last Friday the price of Litecoin increased by around 9.6% coming from $109.96 to $120.47 at its highest which has pushed the price above the first significant resistance level at the descending channels resistance. The price came down for a retest of support at the broken level over the weekend and as it found support it continued moving to the upside above the prior high level, coming to $126.8 at its highest point today.


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The price came above the 0 Fibonacci level which was the ending point of the prior high and above the next highly significant horizontal level at $122.32 above which it is considered to be the sellers' territory. I was expecting the price to start moving to the downside after an interaction with the first significant resistance at the descending channels resistance but as the price continued increasing further past the other significant resistance point we have likely seen the development of another five-wave move to the upside. As the move looks finished or near completion and especially considering that the price has entered the seller's territory I will be shortly expecting the start of the impulsive move to the downside.

Even though we have seen a five-wave increase I don't believe that its the starting upside wave, but is more likely the second correctional structure after the first one currently labeled as a WXYXZ correction ended. The price did make a higher high but this can also be seen on a corrective move usually ending as a running flat. If we are soon the see the start of an impulsive move to the downside the first significant support zone for the price of Litecoin would be at around $83 area.

Ethereum ETH/USD Forecast

The price of Ethereum has increased from today’s open at $228.8 by 6.59%, coming to $243.4 at its highest point today but has encounterd strong resistance there and is currently being traded slightly below those levels.


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On the hourly chart, you can see that the price came down over the weekend below the prior low at around the vicinitly of the 4th wave’s ending point from the previous upside move where it found support as the price immediately started moving impulsively to the upside again.

The rise has been stopped out at the previous horizontal support which now serves as resistance but since a breakout occurred to form the descending triangle which was formed from 30th of May we are likely to see the increase continue for a bit longer before the price continues moving to the downside again.

If the descending triangle was the first structure out of the starting downward move, the increase seen from today could be viewed as a correctional upside move in which case it cannot exceed the 258 level which is around half range between the last Thursdays high and today’s open.

Bitcoin Cash BCH/USD Forecast

Over the weekend the price of Bitcoin Cash has decreased by 8.2% as it came down from $409.2 to $375.6 at its lowest point. From today’s open around the mentioned low level we have seen an increase of 5.36% to $395.7 but the price has encountered resistance as the rise has been stopped out.


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On the hourly chart, you can see that the price decreased slightly above the last week’s low at $366.5 made on Wednesday which is why a lower low before the completion of the downward move would be expected if we are seeing the development of the five-wave move to the downside out of the starting downtrend.

If we are seeing the development of the 4th wave it cannot go above the $413 which the price interacted with over the weekend and found resistance there which makes this possibility higher. As the 4th wave is corrective in nature it could mean that today’s increase is still its development which we are to see from the currently encountered resistance interaction.


Over the weekend the prices have continued increasing to their first significant resistance point and have gotten rejected with the price going to the levels from which the increase was made. This movement could have been the end of the first wave from the starting downtrend but a more likely outcome would be that another lower low is coming before we see some major upside correctional movements.

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